Industrial Policy in the Twenty-First Century
Industrial policy has attracted considerable controversy in the development context. This paper makes a case for a pragmatic and limited approach to interventions as a means of stimulating industrialization in the context of current and future challenges facing newly industrializing economies. It begins with a simple definition of industrial policy, a brief survey of the theoretical case, and a taxonomy of different possible interventions. Recent empirical evidence on the role of industrialization in development is examined, whilst considering how far government policy per se has contributed to manufacturing success. Finally, a series of key issues for today.s industrializing economies that industrial policy needs to address are highlighted.
|Date of creation:||2011|
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- Poonam Gupta & Rana Hasan & Utsav Kumar, 2008.
"What Constrains Indian Manufacturing?,"
Macroeconomics Working Papers
22162, East Asian Bureau of Economic Research.
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- Hausmann, Ricardo & Rodrik, Dani, 2002. "Economic Development as Self Discovery," CEPR Discussion Papers 3356, C.E.P.R. Discussion Papers.
- Lall, Sanjaya & Albaladejo, Manuel, 2004. "China's Competitive Performance: A Threat to East Asian Manufactured Exports?," World Development, Elsevier, vol. 32(9), pages 1441-1466, September.
- Sanjaya Lall and Manuel Albaladejo (QEH), "undated". "China’s Competitive Performance: A Threat To East Asian Manufactured Exports?," QEH Working Papers qehwps110, Queen Elizabeth House, University of Oxford.
- Marcus Noland & Howard Pack, 2003. "Industrial Policy in an Era of Globalization: Lessons from Asia," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 358, November. Full references (including those not matched with items on IDEAS)
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